USDCHF Movement
For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CHF and closed at 0.9071, after Kansas City Fed President, Esther George, hinted that possibility for the Fed to keep its benchmark inertest rate too low for an extended period of time.
In the Asian session, at GMT0400, the pair is trading at 0.9066, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 0.9044, and a fall through could take it to the next support level of 0.9021. The pair is expected to find its first resistance at 0.9107, and a rise through could take it to the next resistance level of 0.9147.
Traders are expected to keep a close watch on Switzerland’s unemployment and consumer inflation data, due for release later today, for further guidance in the Swiss Franc.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
